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The Solvent Extractors' Association of India urged the government not to extend its ban on de-oiled rice bran exports beyond November end. The association says exports are under 10% of production and that the ban could hurt paddy farmers and damage India's export market position.
If the ban is extended, supply of de-oiled rice bran to Asian feed markets would stay restricted, supporting prices for rice-bran meal substitutes; if lifted, extra supply would be a mild bearish factor.
thehindubusinessline.comBL Mangaluru BureauNov 10, 2023After 100 past neutral policy events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
